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  • Rental Index

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    sanzhar
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    The rental index shows a studio apartment in Al Warqa with a current annual rent of 36,000 AED and contract ending in March 2024. When renewing the lease, there will be no rent increase as the current rent is within 10% of the average rental value for similar units in the area, which is between 31,000-37,000 AED per year excluding utilities.

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    The rental index shows a studio apartment in Al Warqa with a current annual rent of 36,000 AED and contract ending in March 2024. When renewing the lease, there will be no rent increase as the current rent is within 10% of the average rental value for similar units in the area, which is between 31,000-37,000 AED per year excluding utilities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    12 views1 page

    Rental Index

    Uploaded by

    sanzhar
    The rental index shows a studio apartment in Al Warqa with a current annual rent of 36,000 AED and contract ending in March 2024. When renewing the lease, there will be no rent increase as the current rent is within 10% of the average rental value for similar units in the area, which is between 31,000-37,000 AED per year excluding utilities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Rental Index Result

    Rental Index Type Residential Contract End Date 03/05/2024


    Area Al Warqa Property Type Apartment
    Bedrooms Studio Current Annual Rent 36000 AED

    When renewing real property lease contracts, the maximum percentage of rent increase for real property in the
    Emirate of Dubai, no rent increase where the rent of the real property unit is up to 10% less than the average
    rental value of similar units.
    The rent for a Studio apartment in Al Warqa is in range 31000 to 37000 AED per year, (does not include water,
    electricity or any other fees, and not applicable for hotels and hotel apartments).
    There is no increase in the rental value.

    Dubai Land Department, Dubai - Phone: +971-8004488


    Deira Baniyas Road, P.O. Box 1166, United Arab Emirates Email : info@dubailand.gov.ae

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